Following the ARDC recommendation, we believe that this proposed addendum requires further review by the DAO. Therefore, we challenge its optimistic approval so that the delegates can form an opinion on the merit of renewing the incentives received during the STIP.
We are publishing the review conducted by Blockworks for greater visibility and advice to the applicant to provide an explanation for the concerns raised.
“Seems that project might have farmed ARB incentives through deployed POL. Decent TVL growth during program that has sustained quite well after program ended, with decent other KPIs as well, although these might be somewhat misleading compared to other projects since Thetanuts is currently distributing incentives.”